China's home prices will fall at a faster pace that previously forecast this year and next, a Reuters poll showed, as support policies from Beijing struggle ...
BEIJING - China 's home prices will fall at a faster pace that previously forecast this year and next, a Reuters poll showed, as support policies from Beijing struggle to help the property sector find a bottom.
"My house price forecasts have been revised down from May, as cash flow pressures on some big real estate companies will continue to mount, widening risk exposure and putting pressure on confidence in the property market," said Ma. The poll of 10 analysts from Aug. 26-29 showed property sales likely shrank 16.0% in 2024, steeper than the 10.0% slump forecast in the previous poll, while investment was expected to fall 10.3% from the 10.0% decline forecast in May.
UBS Investment Bank this week lowered its 2024 and 2025 forecasts for China's GDP growth to 4.6% and 4%, from 4.9% and 4.6%, respectively, due to a deeper-than-expected property downturn. The most you can lose on any stock is 100% of your money. But when you pick a company...Harris said her "values have not changed" when asked about past policy positions in her first interview as a presidential candidate.China's home prices will fall at a faster pace that previously forecast this year and next, a Reuters poll showed, as support policies from Beijing struggle to help the property sector find a bottom. The poll showed home prices would fall 8.5% in 2024, versus a 5.
China Supportive Policies Previous Poll Property Sector Support Policies Reuters Poll GDDCE Research Institution
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